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CO23078742 |
Pages: 374 |
Jul 2023 |
The coin-operated laundry market refers to the industry that gives self-service clothing offices to clients on a pay-per-use premise. Moreover, known as laundromats or self-service laundries, these offices are equipped with commercial-grade washing machines and dryers that clients can utilize for their clothing needs. Clients bring their grimy clothing to the coin-operated laundry facility and pay an expense, ordinarily in coins or tokens, to get to the machines. Coin-operated laundries are commonly found in convenient locations like residential areas or commercial areas with high demand for laundry services. This market serves a diverse range of customers, including those without access to laundry facilities at home or those who prefer self-service convenience. It is also popular among students, travelers, and people living in small apartments or shared accommodations.
The coin-operated laundries market presents a relatively low entry barrier for entrepreneurs and investors looking to set up a business. It involves acquiring suitable space, installing machines, and establishing a payment system. Recent innovations in the industry include digital payment systems, loyalty programs, and additional services like dry cleaning or laundry pickup and delivery, aiming to enhance customer convenience.
The global coin-operated laundries market size was $18.67 billion in 2022 and is predicted to grow with a CAGR of 8.0%, by generating a revenue of $38.38 billion by 2032.
The coin-operated laundries market has been significantly impacted by the COVID-19 pandemic. The demand for laundry services decreased as people stayed at home during lockdown measures, leading to a decline in footfall at laundromats. Health and safety concerns also played a role, as individuals preferred doing laundry at home to minimize exposure to shared spaces. Operational challenges arose due to restrictions and regulations, resulting in reduced operating hours or temporary closures. Financially, the industry suffered from decreased revenue, making it difficult to cover fixed costs.
The pandemic also accelerated shifts in consumer behavior, with online shopping and home delivery services gaining popularity. As vaccinations progress and restrictions ease, the market is gradually recovering, but full restoration may take time. Operators are adapting by enhancing their digital presence, offering additional services, and implementing safety measures to meet changing customer expectations.
Busy lifestyles have exerted a dominant influence on the coin-operated laundries market, primarily due to the need for time efficiency and convenience. With limited time available for household chores like laundry, individuals opt for coin-operated laundries as a time-saving solution. These laundries offer self-service options, enabling customers to swiftly wash and dry their clothes without the time-consuming tasks of sorting and folding. Operating 24/7, coin-operated laundries cater to busy individuals by providing flexibility and allowing them to do their laundry at their convenience. By consolidating all necessary laundry equipment in one location, these laundries offer convenience and streamline the laundry process, reducing the time and effort required. Accessible locations further contribute to their popularity among busy individuals, as they can easily find nearby facilities. Additionally, the minimal maintenance required for personal laundry equipment is eliminated, as coin-operated laundries provide well-maintained machines, relieving customers of the burden of upkeep.
To know more about global coin-operated laundries market drivers, get in touch with our analysts here.
Technological advancements, such as portable instalments and online laundry services, give comfort and efficiency to shoppers, possibly diminishing the demand for conventional coin-operated laundries. Competition from other laundry service providers, including full-service laundry businesses and home laundry appliances, can also divert customers away from coin-operated laundries by offering additional services and assistance. Moreover, the maintenance and equipment costs associated with running a coin-operated laundry business, as well as compliance with various regulations and permits, can pose challenges and impact profitability. Additionally, the availability and affordability of suitable real estate locations can limit the establishment and expansion of coin-operated laundries. Lastly, changing laundry habits and the adoption of more efficient and sustainable practices by consumers can further impact the demand for coin-operated laundries.
Increased urbanization and the busy lifestyles of modern consumers are driving demand for convenient laundry services, and laundromats are the answer. The growing number of rental properties such as flats and condos has made a critical market for on-site laundry facilities. With the increasing importance of eco-friendly practices, there are opportunities for laundromats that provide energy-efficient machines and environmentally friendly detergents. These eco-conscious options cater to customers who prioritize sustainability, creating a demand for laundromats that align with their values. Expanding the target audience beyond low-income households to include professionals, students, travelers and tourists can also drive growth. Technological advances such as mobile payment systems and remote monitoring improve the customer experience. Diversification of services, franchise opportunities, partnerships with other companies, online presence and effective marketing strategies contribute to laundromat success. Conducting thorough market research can help identify the most promising opportunities in a particular location.
To know more about global coin-operated laundries market opportunities, get in touch with our analysts here.
The residential sub-segment accounted for the highest market share in 2022. Firstly, residential coin-operated laundries offer unparalleled comfort and accessibility to people living in apartments, condos, or houses without in-house laundry facilities. Moreover, the affordability factor plays a key part, as laundromats offer a cost-effective arrangement for those who do not have a washer or dryer. This becomes particularly relevant for individuals who wish to avoid investing in expensive laundry equipment or bearing the associated maintenance costs. Moreover, limited space and regulations often make it impractical for residential buildings in urban areas to have in-house laundry facilities, further driving the demand for coin-operated laundries. Additionally, transient populations, such as students, renters, or individuals with temporary living situations, find coin-operated laundries a convenient option. Lastly, the time efficiency offered by coin-operated laundries, with various washing machines and dryers available, allows users to complete their laundry quickly, appealing to busy individuals and families with larger laundry loads.
The North America coin-operated laundries market generated the highest revenue in 2022. First, the North America region has a well-developed infrastructure, including commercial buildings, apartments, and a broad network of laundromats. This gives a strong foundation for the market to develop. Moreover, the degree of urbanization and high population in North America, particularly in large cities, has made a significant demand for clothing services. Laundromats give a helpful and affordable solution for residents without laundry facilities. Technological advances also play an important role, with North America driving the way in the adoption of present-day clothing equipment, automated payment systems and advanced management software. These developments can move forward client involvement, increase proficiency and attract more clients. Moreover, the growing popularity of laundromats can be attributed to factors such as expanding neighborhoods, changing demographics, and busy lifestyles. These factors create a demand for convenient and accessible laundry facilities that cater to the needs of diverse communities. At last, North America's entrepreneurial culture encourages people to explore trade openings, making laundromats an attractive option for entrepreneurs and small business owners due to their relatively low barriers to entry.
Technological advancement and partnership are common strategies followed by major market players. Some of the leading coin-operated laundries market players Aramark, Cintas Corp., UniFirst Corp., Johnson Service Group, Franz Haniel & Cie. GmbH., Spotless Group Holdings Limited, Bel & Blanc, and Champion Cleaners
| Aspect | Particulars |
| Historical Market Estimations | 2020-2022 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Application |
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| Key Companies Profiled |
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1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
2. Report Scope
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on global coin-operated laundries market
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive Rivalry Intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on coin-operated laundries market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
5. Coin-Operated Laundries Market Analysis, by Application
5.1. Overview
5.2. Commercial
5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2022-2032
5.2.3. Market share analysis, by country, 2022-2032
5.3. Residential
5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2022-2032
5.3.3. Market share analysis, by country, 2022-2032
5.4. Research Dive Exclusive Insights
5.4.1. Market attractiveness
5.4.2. Competition heatmap
6. Coin-Operated Laundries Market, by Region
6.1. North America
6.1.1. U.S.
6.1.1.1. Market size analysis, by Application, 2022-2032
6.1.2. Canada
6.1.2.1. Market size analysis, by Application, 2022-2032
6.1.3. Mexico
6.1.3.1. Market size analysis, by Application, 2022-2032
6.1.4. Research Dive Exclusive Insights
6.1.4.1. Market attractiveness
6.1.4.2. Competition heatmap
6.2. Europe
6.2.1. Germany
6.2.1.1. Market size analysis, by Application, 2022-2032
6.2.2. UK
6.2.2.1. Market size analysis, by Application, 2022-2032
6.2.3. France
6.2.3.1. Market size analysis, by Application, 2022-2032
6.2.4. Spain
6.2.4.1. Market size analysis, by Application, 2022-2032
6.2.5. Italy
6.2.5.1. Market size analysis, by Application, 2022-2032
6.2.6. Rest of Europe
6.2.6.1. Market size analysis, by Application, 2022-2032
6.2.7. Research Dive Exclusive Insights
6.2.7.1. Market attractiveness
6.2.7.2. Competition heatmap
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Market size analysis, by Application, 2022-2032
6.3.2. Japan
6.3.2.1. Market size analysis, by Application, 2022-2032
6.3.3. India
6.3.3.1. Market size analysis, by Application, 2022-2032
6.3.4. Australia
6.3.4.1. Market size analysis, by Application, 2022-2032
6.3.5. Indonesia
6.3.5.1. Market size analysis, by Application, 2022-2032
6.3.6. Rest of Asia-Pacific
6.3.6.1. Market size analysis, by Application, 2022-2032
6.3.7. Research Dive Exclusive Insights
6.3.7.1. Market attractiveness
6.3.7.2. Competition heatmap
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Market size analysis, by Application, 2022-2032
6.4.2. UAE
6.4.2.1. Market size analysis, by Application, 2022-2032
6.4.3. South Africa
6.4.3.1. Market size analysis, by Application, 2022-2032
6.4.4. Argentina
6.4.4.1. Market size analysis, by Application, 2022-2032
6.4.5. Rest of LAMEA
6.4.5.1. Market size analysis, by Application, 2022-2032
6.4.6. Research Dive Exclusive Insights
6.4.6.1. Market attractiveness
6.4.6.2. Competition heatmap
7. Competitive Landscape
7.1. Top winning strategies, 2022
7.1.1. By strategy
7.1.2. By year
7.2. Strategic overview
7.3. Market share analysis, 2022
8. Company Profiles
8.1. Aramark
8.1.1. Overview
8.1.2. Business segments
8.1.3. Product portfolio
8.1.4. Financial performance
8.1.5. Recent developments
8.1.6. SWOT analysis
8.2. Cintas Corp.
8.2.1. Overview
8.2.2. Business segments
8.2.3. Product portfolio
8.2.4. Financial performance
8.2.5. Recent developments
8.2.6. SWOT analysis
8.3. UniFirst Corp.
8.3.1. Overview
8.3.2. Business segments
8.3.3. Product portfolio
8.3.4. Financial performance
8.3.5. Recent developments
8.3.6. SWOT analysis
8.4. Johnson Service Group
8.4.1. Overview
8.4.2. Business segments
8.4.3. Product portfolio
8.4.4. Financial performance
8.4.5. Recent developments
8.4.6. SWOT analysis
8.5. Franz Haniel & Cie. GmbH.
8.5.1. Overview
8.5.2. Business segments
8.5.3. Product portfolio
8.5.4. Financial performance
8.5.5. Recent developments
8.5.6. SWOT analysis
8.6. Spotless Group Holdings Limited.
8.6.1. Overview
8.6.2. Business segments
8.6.3. Product portfolio
8.6.4. Financial performance
8.6.5. Recent developments
8.6.6. SWOT analysis
8.7. Bel & Blanc
8.7.1. Overview
8.7.2. Business segments
8.7.3. Product portfolio
8.7.4. Financial performance
8.7.5. Recent developments
8.7.6. SWOT analysis
8.8. Champion Cleaners
8.8.1. Overview
8.8.2. Business segments
8.8.3. Product portfolio
8.8.4. Financial performance
8.8.5. Recent developments
8.8.6. SWOT analysis
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